Think-tank predicts economic growth but rising unemployment in the UK
A report by the National Institute of Economic and Social Research (NIESR) has predicted positive economic growth for the UK economy but also described a more gloomy outlook for unemployment.
According to the think-tank, the UK economy will grow by 1.1% and 2.0% over the next two years but after its recent pause, unemployment will rise again, to 2.9 million (9.2%) in 2011.
The report states that "the recovery will rely on a turnaround in the inventory cycle, as companies first slow the pace of destocking and then start to rebuild inventories."
With consumer spending expected to fall this year, Simon Kirby, research fellow at NIESR admitted: "This recovery is at the mercy of the
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